MARKET TYPES ACCORDING TO COMPETITION

MARKET TYPES ACCORDING TO COMPETITION

1. Perfect Competition Market

   • - Ideal model
     • - The number of buyer and sellers in the market is high
       • - The goods and services offered by companies are the same, therefore, consumers are indefferente to buying them from one company or another.
         • - Market transparency, no one has privileged information.

2. Monopoly Market

   • Monopoly Market
     • - Monopoly: producers control the sale price of their product.
       • If you want to sell more products, you must do so at a lower price.
         • It is one of the formas of imperfect competition.
           • The products are not the same.
             • The number of companies is high
               • Freedom to enter and exit the market

3. Oligopoly Market

   • There is no number of companies.
     • The products are the same.

4. Monopsony Market

   • - Buyers regulate demand.
     • - Influence the final price of the product.

5. Imperfect Competition.

   • Monopoly Market
     • Oligopoly Market

Images and files in the map